M.J. Construction Chemicals, a Mumbai-based company, has bagged the supply of sealant for Sahar International Airport, Mumbai, and Jaipur airport. The sealant supplied is being used on trail basis. "With the real estate boom and development of airports, ports, freight corridors, power and other infrastructure sectors, demand for construction chemicals will increase directly and indirectly. We are certainly looking forward to be a part of this growth," said Hakim Jawadwala, Director.
The construction chemical market is growing at 20 per cent annually and total turnover including the organised and unorganised sector is Rs1,000 crore. Though there are opportunities all around, certain flaws are not attributing to rationalisation of taxes and fluctuations in raw material prices such as cement and sand. "Constant fluctuation of prices should be dealt with properly. Government should adopt uniform tax regime which will boost the growth of the industry," he pointed out.
MJCC is a producers of specialty construction chemicals such as concrete and mortar admixture, cementitious grouts, epoxy resin-based and polyster resin-based anchor grouts, bonding agents, waterproofing systems, flooring solutions, repair and retrofitting agents, protective coatings, tile adhesives, sealants, etc. By adding new products like Superplast R, Ultra Hyproof, MJ Plast-1W, Cryst-Seal and other products in the making, MJCC's product list will shoot up from 132 to 165.
The company now has two plants, one each in Uttaranchal and Hosur, which will soon start production. The existing capacity utilisation company is 100 per cent and the turnover of the company is rising at 600 to 700 per cent every year. The firm is associated with builders such as Hiranandani, Oberoi and Nahar. Some of its clients include RBI, ONGC and Indian Railways.